ROCKVILLE, Conn., Jan. 3, 2011 (GLOBE NEWSWIRE) -- William H. W. "Bill" Crawford, IV, a longtime banking executive at Wells Fargo & Company, has been chosen to be the next President and Chief Executive Officer of Rockville Bank and Rockville Financial, Inc. (Nasdaq:RCKB) of Rockville, Conn. The announcement was made today by the Bank's Board of Directors. Rockville Bank is a 21½-branch community bank serving Tolland, Hartford and New London counties in Connecticut. The 153-year-old financial institution holds $1.6 billion in assets. A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8559 Crawford joins Rockville Bank as its Senior Executive Vice President, effective immediately. He will succeed current Rockville Bank President and CEO William J. McGurk when McGurk officially retires from that position at the company's Annual Board Meeting on April 26, 2011. McGurk then will continue to serve as a member of Rockville Bank's Board of Directors for at least two more years. Bill Crawford is a banking executive with a 23-year career at Wells Fargo & Company and its predecessor banks, Wachovia and SouthTrust. During the past decade, he has managed a variety of major responsibilities for the corporation, leading all major lines of business for multi-billion dollar regional banking operations in North Carolina, Virginia and Florida. For the past three years, he has led commercial banking groups and product specialist teams, focused on serving publicly traded and large private companies in Virginia. Crawford comes to Rockville Bank from the position of Regional Vice President, Eastern Virginia Commercial Banking, Wells Fargo Bank, N.A (WFC, a public company) based in Norfolk, Va. Prior to this, he was Executive Vice President, Commercial Banking Group, Wachovia, a Wells Fargo Company based in Norfolk, Va. Before that, he was the company's Regional President/Executive Vice President for Piedmont, North Carolina, a region that included the corporate headquarters city, Winston-Salem. Earlier, Crawford was an executive at SouthTrust Corp., first as Chief Executive Officer of the Bank's Southeast Florida region, which included Miami, Fort Lauderdale, and West Palm Beach.